Evercore ISI Upgrades Juniper Networks (NYSE:JNPR) to “Outperform”

Evercore ISI upgraded shares of Juniper Networks (NYSE:JNPR) from an in-line rating to an outperform rating in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has $40.00 price target on the network equipment provider’s stock.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. StockNews.com upgraded Juniper Networks from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Finally, Barclays lowered their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Juniper Networks presently has a consensus rating of “Hold” and an average price target of $39.40.

Juniper Networks Trading Up 2.9 %

JNPR opened at $35.58 on Tuesday. Juniper Networks has a one year low of $33.72 and a one year high of $39.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 46.82, a P/E/G ratio of 7.70 and a beta of 0.87. The stock’s 50 day moving average price is $37.30 and its 200-day moving average price is $38.02.

Juniper Networks (NYSE:JNPR) last released its earnings results on Tuesday, February 4th. The network equipment provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.13). Juniper Networks had a return on equity of 7.41% and a net margin of 4.97%. On average, equities analysts forecast that Juniper Networks will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in Juniper Networks by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,791 shares of the network equipment provider’s stock valued at $211,000 after purchasing an additional 422 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares in the last quarter. Gould Capital LLC boosted its holdings in shares of Juniper Networks by 1.9% in the 3rd quarter. Gould Capital LLC now owns 29,298 shares of the network equipment provider’s stock valued at $1,142,000 after buying an additional 534 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Juniper Networks by 12.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,913 shares of the network equipment provider’s stock worth $184,000 after buying an additional 549 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of Juniper Networks by 1.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 47,639 shares of the network equipment provider’s stock worth $1,857,000 after acquiring an additional 580 shares in the last quarter. 91.95% of the stock is owned by institutional investors.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.